Explosive Ordnance Disposal Equipment Market Defense Sectors Show High Preference

The growing demand for military ground robots has added a major revenue stream for the explosive ordnance disposal equipment to look into. Military and law enforcements bodies all over the world are showing a high interest in implementing programmable EOD robots, as they are much safer than manually defusing bombs and other explosives.

The second factor driving the explosive ordnance disposal equipment demand is therefore the increase in terrorist attacks. With the high proportion of militant groups performing organized and unorganized terror attacks, defense agencies are required to ramp up their efforts to keep civilian areas safe from attacks.

Owing to these factors, the global explosive ordnance disposal (EOD) equipment market is expanding at a CAGR of 4.6% between 2015 and 2023. This market was valued at US$5.74 bn in 2014 and is expected to cross US$8 bn by the end of 2023. Key EOD equipment vendors include Scanna Msc Ltd., Northrop Grumman Corporation, Safariland, LLC, and iRobot Corporation.

Obtain Report Details:
http://www.transparencymarketresearch.com/explosive-ordnance-disposal-equipment-market.html

North America Leads EOD Equipment Consumption
North America contributed to 42.63% of the total revenue generated by explosive ordnance disposal equipment players in 2014, making it the leading region in terms of revenue share.

It is expected to retain its top position till 2023, owing to a high importance given to defense and law enforcement activities by the U.S. government. North America has invested heavily in soldier modernization, including through warfare training and the provision of advanced equipment, including explosive ordnance disposal equipment.

Among various EOD equipment, North America is showing a particularly high growth in demand for bomb containment and explosive detectors. The latter was already the leading equipment segment in 2014 and is expected to generate a higher demand due to its growing use in malls and airports.

Defense EOD Equipment Demand at All-time High
The defense sector has consistently been the top consumer of EOD equipment. In 2014, the defense sector contributed to 78.5% of the total revenue generated by EOD equipment players. This market share is expected to increase even further by 2023.

This 108 page report gives readers a comprehensive overview of the Explosive Ordnance Disposal Equipment Market. Browse through 35 data tables and 32 figures to unlock the hidden opportunities in this market.
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8947

A large number of countries, especially from developed economic regions, are pushing for soldier modernization programs that employ EOD robots as well as the use of other counter-terrorism equipment and strategies. The defense sector’s use for EOD equipment is especially high in urban warfare, where terrorist attacks need to be dealt with swiftly and efficiently.

Similar to the global demand for EOD equipment, North America holds a high demand for explosive detectors, portable X-ray systems, and EOD robots. Each equipment type holds a special utility that can provide invaluable support to military and law enforcement bodies to fight crime and terrorist activities.

For instance, portable X-ray systems are intended to be used for the detection of hidden explosive devices. Therefore, their main implementation lies in locations where a large number of civilian population moves in and out, such as airports, train stations and subways, and malls.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.